Your company’s real estate holdings constitute a large capital investment. An engineering-based real estate cost segregation study may provide significant tax savings by accelerating tax depreciation deductions, deferring taxes and increasing cash flow. Buildings that have been purchased, constructed, renovated or expanded in recent years may qualify for this powerful tax planning tool. The FORVIS cost segregation team can evaluate your fixed assets to identify cost segregation opportunities and complete the required analysis to claim the benefits.
Our team of engineers and fixed asset specialists can help identify portions of a building’s cost that can be allocated to shorter depreciable lives (generally five, seven, or 15 years) as opposed to the standard 27.5- or 39-year life. This reclassification allows the building owner to accelerate depreciation, defer income tax, and increase cash flow.
Our team of engineers, construction professionals and accountants stay abreast of the latest rules to identify where your company qualifies for a shorter depreciable life. Contact us today to find out how you could benefit from a cost segregation study.
Other tax services in the fixed asset services arena include: fixed asset outsourcing, IRC Section 179D (energy efficient commercial buildings deduction) studies, repairs and maintenance studies and IRC 45L studies.